Occasionally, you should consider reviewing your current insurance policies with an eye to lowering your rates. Of course, we all like to save money, but you might be very surprised by just how much you can save in one year by switching to a different insurance carrier.
A quick personal example will illustrate my point:
Recently, I revisited my insurance policy. I started teaching at a local junior college and was curious if my new extra-curricular job would warrant an insurance rate change. And, yes, I was right indeed! For whatever reason, if you can identify yourself as an educator, many insurance companies will give you a better rate. (I suppose we teachers are better drivers – huff!)
On the other hand, if you are in the self employed insurance bracket, you will have to think about other options – perhaps you can save money based on your solo professional industry title.
1. Drive Less for and get a discount
Some carriers will discount your premium with a low-mileage discount if you drive less than 7,500 miles per year. Also ask your agent if you can receive a commuter discount for using public transportation.
Underinsured Motorist Bodily Injury covers you, the other people on your policy and your passengers for damages or death caused by a person without sufficient car insurance.